Coal India Q4 net profit at Rs 6,024 cr zooms 362%

Kolkata (IANS) State-run Coal India Ltd (CIL) on Thursday reported a whopping over 362 per cent increase in its consolidated net profit for the fourth quarter of 2018-19 ended March at Rs 6,024.23 crore, as compared to Rs 1,302.63 crore…

Q4 GDP growth likely 6.3%, FY19 GDP at 6.8%: Sources

New Delhi (IANS) With key sectors like agriculture, industry , manufacturing -in slowdown since the last nine months, GDP growth in the fourth quarter ended may be the fiscal's lowest at 6.3 per cent in 2018-19, official sources said on Thursday.

Air India seeks nod for Rs 2,400 crore loan from NSSF

New Delhi (IANS) Disinvestment-bound Air India has sought the government's approval to borrow Rs 2,400 crore from National Small Savings Fund (NSSF), a pool of small savings from households, to meet its working capital requirements.

Good response to Offer for Sale of stake in RNAM: Reliance Capital

Mumbai (IANS) The Anil Ambani-led Reliance Capital on Tuesday said that the Offer for Sale (OFS) of its stake in Reliance Nippon Life Asset Management Ltd (RNAM) had received an excellent response from investors.

In a statement…

Equity indices open flat tracking Asian markets

Mumbai (IANS) The key Indian equity indices opened on a flat note on Monday tracking a similar trend in the major Asian markets.

The ongoing trade concerns between the US and China weigh continues to weigh on the investor sentiments globally,…

Finance Ministry seeks central sponsored schemes evaluation prior to Budget

New Delhi (IANS) The Finance Ministry has asked all ministries to report evaluation of Central Sector schemes under them in an effort to decide on funds allocations and requirement of improvements in them prior to the Budget.

The Department…

New government formation, GDP data to dictate equity trends

Mumbai (IANS) The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week.

The BJP-led National Democratic Alliance (NDA), which comprehensively…

SpiceJet adds 100th aircraft to its fleet

New Delhi (IANS) Budget airline SpiceJet on Sunday said it has added a new Boeing 737 aircraft to its fleet, taking its total strength to 100 aircraft.

SpiceJet is the fourth domestic airline to have 100 aircraft in its fleet,…

Air Asia India drops plan to take Jet's grounded B737s

New Delhi (IANS) Low-cost carrier Air Asia India has dropped its plan to lease B737 aircraft of grounded Jet Airways as the Tata group venture carrier wants to continue with one type of aircraft.

"Air Asia India had informed…

Manpasand Beverages' top executives arrested for GST fraud

Vadodara (Gujarat) (IANS) The entire top deck of Gujarat-based Manpasand Beverages including the company's Managing Director have been arrested on allegations of GST fraud.

According to a BSE filing by the company, the Commissioner…